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Sudan Feeling the Economic Pinch

Hamed, 19, has a captive market for his goods, but only for frenetic 90-second bursts: once the traffic lights change on Khartoum's Nile Avenue,...

Kenya to Upscale Innovative Tourism Products

The Kenyan tourism industry will scale up diversification of its products from the traditional beach and safari markets to create other ways of generating...

Why French Speaking African Countries Are Lagging Behind English Speaking Ones...

AFRICANGLOBE - Lack of infrastructure, a poor corporate culture and bad governance. French-speaking countries in Africa are, in recent years, lagging behind their English-speaking neighbours.

‘Nigeria the Epicenter of Africa’s Economic Growth’

Leading market analysts and industry regulators have described Nigeria's economic growth rate as exceptional, in spite of its huge infrastructure deficit, at a time...

East African Economies Now Among the Worlds Fastest Growing

The economies of East African Community member states grew by more than five percent last year making the region one of fastest growing in world. Danish Minister for Development Cooperation Christian Friss Bach said "an average growth of more than five percent is indeed impressive in a world where economic headlines are dominated by words such as crisis, regression, negative growth etc."

Foreign Tourists Arrivals Up 10 Percent

Zimbabwe recorded a 10% average rise in foreign tourist arrivals between 2009 and the first half 2011, driven by a stability in the political environment and massive marketing campaigns branding Zimbabwe a safe tourist destination. According to a report compiled by the Zimbabwe Tourism Authority (ZTA), the country has since dollarisation registered growth in foreign tourist arrivals.

Zimbabwe Financial Services Secure From External Shocks

AFRICANGLOBE - The financial services sector in Zimbabwe has not been directly affected by movements in United States financial markets due to its limited exposure, a local economic consultant said last week.

Want to Become an Internet Billionaire? Move to Africa

If you want to become extremely wealthy over the next five years, and you have a basic grasp of technology, here’s a no-brainer: move to Africa.

Rwanda Records Increase in African Tourists

African tourists dominated visits to Rwanda in the first semester of 2011, a phenomenon that indicates the country's increasing attractiveness to the region and the entire continent.

Nigerian Govt vs British Airways – PM Cameron Writes President Jonathan

British Airways lobbyists have pressured the British Prime Minister, David Cameron, to intercede on behalf of the airline to save it from losing more than 50 per cent of its flight frequency to Nigeria following the anti-competitive treatment meted out to Nigeria airline, Arik Air, at Heathrow Airport.

ICT to Drive African Economic Growth

Mobile phone, internet and social media use in Africa is expected to continue surging over the next five years, significantly boosting the continent's growth prospects, Standard Bank Group analyst Simon Freemantle says in a report about trends set to change Africa.

Europe Attempting to Pressure African Countries Into Signing Trade Deals

Botswana and Namibia are set to lose preferential access to the European Union, which wants African, Caribbean and Pacific countries to sign controversial free trade agreements within two years or face potential loss of market access to the 27-member EU bloc.

Airline Rivalry Set to Intensify in Tanzania's Skies

More airlines have expressed interest to operate domestic flights in Tanzania with four, including two newcomers, applying for the provision of scheduled passenger services in what is proving to be the new field for cutthroat competition.

African-Americans Wield Considerable Consumer Power

African-Americans' buying power is expected to reach $1.1 trillion by 2015, according to The State of the African-American Consumer Report, released today, collaboratively by Nielsen, a leading global provider of insights and analytics into what consumers watch and buy, and The National Newspaper Publishers Association (NNPA), a federation of more than 200 Black community newspapers across the U.S.

Black Unemployment: Highest in 27 Years

The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market.

South Africa Growth Outlook 'Highly Promising'

South Africa, Turkey and Saudi Arabia are the markets with the most promising 10-year growth outlook, Bank of America Merrill Lynch says in a report on the long-term growth outlook for the EMEA countries - Europe, Middle East and Africa.